The bank said this first-of-its-kind technology stack, the cloud-native solution, is anticipated to be the cornerstone of all upcoming digital banks to be introduced in Malaysia. It said all-new banking app allows users to do their banking transactions seamlessly, without the hassle of visiting a branch, thus broadening financial inclusivity by targeting the digital-native, younger generation. Its engaging and user-friendly interface is intended to help users quickly understand and manage their finances; Bank Islam claimed. Be U is targeted at the younger generation, offering a savings account that allows zero balance, fund transfer capabilities, and a nest feature that helps users save for specific goals.
Be U uses Mambu Digital Core as its technology backbone and is housed on Amazon Web Services’ cloud. According to Bank Islam, having zero legacy allows it to meet customers’ needs quickly. By leveraging its cloud-based advantage, the bank said Be U users can benefit from the agility of the app and enjoy a curated, user-friendly, and personalized banking experience. Made available to the public since mid-June this year, Bank Islam targets between 350,000 and 400,000 downloads and users of the Be U app within the first 12 months of its operations.